Investment accounts

Accountancy

Sir, when convertiable debentures are converted into equity shares, why we credit investment in equity sharesa/c . In invenstment in bonds ledger a/c

Star Ca

CA Inter

★ 3K+

06-Mar-20 20:23

846

Answers (1)

No we don't credit , the journal entry is Investment in equity shares A/c debit To bond/debentures AC

Rajath Tumma

CA Final

★ 2K+

07-Mar-20 17:01